S&P affirms Cantor Fitzgerald

S&P said it affirmed its BBB- issuer credit and senior unsecured debt ratings on Cantor Fitzgerald LP and its affiliates BGC Partners Inc. and GFI Group Inc.

S&P also removed the ratings from CreditWatch, where S&P placed them on July 19, 2017 with negative implications. The outlook on each entity is stable.

“We are affirming the ratings and removing them from CreditWatch because the firm's capital raising efforts have returned its RAC ratio to a level we believe should be sustainably above 9%, with solid capitalization at the subsidiaries with material market and credit risk,” S&P said in a news release.

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